The $Four.Four-billion subway system for Metro Manila, focused for full completion earlier than President Rodrigo Duterte’s time period ends in 2022, could require cost adjustment, the nation’s chief economist stated.
National Economic Development Authority (NEDA) Secretary Ernesto Pernia advised reporters Friday the challenge cost of the Mega Manila Subway isn’t “totally complete.”
“The cost may increase because the DOTr (Department of Transportation) wants to accelerate the completion from 2024 to 2022 which means that there will be more borers for the tunneling needed, therefore, the cost will go up,” he stated.
Pernia stated the challenge cost may in all probability attain USD 6 billion or USD 7 billion, however noting “we don’t know the exact number (yet).”
The challenge’s feasibility examine was carried out with the assistance of a grant from the Japan International Cooperation Agency (JICA).
President Duterte and Japanese Prime Minister Shinzo Abe had been set to signal an settlement for the development of the subway challenge on the sidelines of the ASEAN Summit in November.
The PHP227-billion Mega Manila Subway, from Quezon City to Taguig City, is a 25-kilometer underground mass transportation system connecting main enterprise districts and authorities facilities.
It is predicted to serve round 370,000 passengers per day in its opening yr. (PNA)